The cryptocurrency market in China has evolved significantly over the past decade, despite regulatory restrictions on domestic crypto trading. While mainland China currently prohibits financial institutions from offering cryptocurrency services, many Chinese-speaking investors continue to access global platforms through offshore exchanges. These exchanges often provide Mandarin support, localized customer service, and tailored trading features for users in Greater China and the broader Asian market.
Below is a comprehensive overview of the top cryptocurrency exchanges popular among Chinese-speaking users — all of which operate internationally with strong compliance frameworks and advanced trading infrastructure.
Huobi Global – A Pioneer in the Chinese Crypto Space
Huobi Global, originally founded in Beijing, is one of the longest-standing names in the cryptocurrency industry. Although it has since moved its operations offshore, Huobi maintains a strong presence among Chinese-speaking traders. The exchange offers hundreds of trading pairs, including major coins like Bitcoin (BTC) and Ethereum (ETH), as well as emerging altcoins.
With robust security protocols, including cold wallet storage and two-factor authentication, Huobi emphasizes user protection. It also supports spot trading, margin trading, and staking services.
👉 Discover how top traders manage their portfolios on secure global platforms.
Binance – The Global Leader in Crypto Trading
Binance is widely recognized as the world’s largest cryptocurrency exchange by trading volume. Founded by Changpeng Zhao, a Chinese-Canadian entrepreneur, Binance initially attracted a large user base from China before relocating its operations overseas.
The platform stands out for its low trading fees, extensive selection of altcoins, and advanced trading tools such as futures, options, and automated savings products. Binance also launched its own blockchain — the BNB Chain — further expanding its ecosystem.
Despite increased scrutiny from regulators worldwide, Binance continues to serve international users with multilingual support and a highly liquid market environment.
OKX – Advanced Trading for Serious Investors
OKX, headquartered in Seychelles, is a premier digital asset exchange known for its sophisticated trading interface and comprehensive product suite. Originally established with roots in the Chinese market, OKX now serves millions of users globally.
It offers spot trading, futures contracts, options, perpetual swaps, and decentralized finance (DeFi) integrations. One of its standout features is the grid trading bot, which allows users to automate trades based on price fluctuations.
Security is a top priority at OKX, with military-grade encryption and a Proof-of-Reserves system ensuring transparency.
👉 Learn how automated trading tools can enhance your investment strategy today.
MXC Exchange – Focused on Altcoin Liquidity
MXC Exchange, often referred to as "Mai Cha" in Chinese-speaking communities, has built a reputation as a go-to platform for altcoin traders. It provides deep liquidity across numerous lesser-known tokens, making it ideal for users seeking early access to emerging projects.
While not as large as Binance or Huobi, MXC differentiates itself through fast execution speeds and competitive fee structures. The exchange also runs regular token listing campaigns and community-driven voting events.
For traders interested in exploring beyond mainstream cryptocurrencies, MXC offers an accessible gateway into niche markets.
Bybit – User-Friendly Interface with Powerful Tools
Bybit has gained popularity among Chinese-speaking users due to its intuitive design and strong focus on derivatives trading. The platform supports high-leverage perpetual contracts and provides real-time risk management tools.
Its clean interface makes it suitable for both beginners and experienced traders. Additionally, Bybit offers educational resources, live webinars, and 24/7 customer support in Mandarin.
Although based outside of China, Bybit adheres to strict KYC policies and operates under international regulatory standards.
Biying – A Rising Contender with Strong Security
Biying is a relatively new player in the crypto exchange landscape but has quickly earned trust for its emphasis on security and reliability. The platform employs multi-layered defense mechanisms, including AI-powered anomaly detection and hardware security modules (HSMs).
It supports a growing list of cryptocurrencies and offers both spot and margin trading options. Biying also integrates with third-party wallets and DeFi protocols, enhancing interoperability for advanced users.
As demand for secure trading environments grows, Biying positions itself as a trustworthy option for risk-conscious investors.
Hoo.com – Specializing in Contract Trading
Hoo.com caters specifically to traders interested in futures and contract-based strategies. With leverage options reaching up to 100x on certain pairs, it attracts speculative investors looking to maximize returns.
The exchange provides detailed charting tools, technical indicators, and real-time order book data. It also hosts periodic trading competitions with prize incentives to engage its community.
While high-leverage trading carries significant risk, Hoo.com equips users with risk-limiting functions such as stop-loss orders and position caps.
ZB.com – Ambitious Expansion Plans
ZB.com is one of the oldest exchanges originating from China and continues to operate internationally with ambitions for global growth. It lists a wide array of digital assets and offers spot trading, futures, ETF-like products, and cloud mining services.
ZB has invested heavily in overseas markets, establishing local offices and forming strategic partnerships across Southeast Asia and Europe.
Despite facing challenges due to regulatory shifts, ZB remains resilient by adapting its compliance framework and focusing on innovation.
Bitdeer – Bridging Mining and Trading
Bitdeer specializes in Bitcoin mining services rather than traditional trading. However, it plays a crucial role in the broader cryptocurrency ecosystem by enabling users to participate in cloud mining without owning physical hardware.
Founded by former Bitmain executives, Bitdeer operates large-scale mining farms with transparent performance reporting. Users can purchase hashpower contracts and earn BTC rewards based on network difficulty and electricity costs.
For those interested in passive income from mining, Bitdeer offers a simplified entry point into this capital-intensive field.
Ouyi Exchange – Fast-Growing with Low Fees
Ouyi Exchange (also known as "Ouyi Wang") is a smaller yet rapidly expanding platform known for its low transaction fees and user-friendly design. It appeals particularly to retail traders who prioritize cost-efficiency and ease of use.
The exchange supports multiple fiat gateways (via P2P), fast withdrawals, and responsive customer service. Though it lacks some of the advanced tools found on larger platforms, Ouyi continues to improve its offerings through regular updates.
As competition intensifies in the global exchange market, Ouyi aims to carve out a niche through affordability and accessibility.
Frequently Asked Questions (FAQ)
Q: Are cryptocurrency exchanges legal in China?
A: Mainland China bans financial institutions from handling cryptocurrency transactions, and domestic crypto exchanges are not permitted. However, Chinese citizens may still access offshore exchanges that comply with international regulations.
Q: Can I trade yuan (CNY) on these exchanges?
A: Direct CNY trading pairs are restricted. Most platforms offer P2P fiat gateways where users can buy crypto using CNY through third-party sellers.
Q: How do I keep my funds safe when using offshore exchanges?
A: Use platforms with strong security features like two-factor authentication (2FA), cold storage, Proof-of-Reserves, and verified KYC procedures. Avoid sharing login details and consider using hardware wallets for long-term holdings.
Q: What are the risks of high-leverage trading?
A: High leverage amplifies both gains and losses. Traders can lose more than their initial investment if the market moves against them. Risk management tools like stop-loss orders are essential.
Q: Is cloud mining profitable?
A: Profitability depends on Bitcoin’s price, network difficulty, electricity costs, and contract terms. While convenient, cloud mining typically offers lower margins compared to owning dedicated hardware.
Q: Do these exchanges support Mandarin?
A: Yes, most of these platforms offer full Mandarin language support, including customer service, educational content, and localized interfaces.
The cryptocurrency landscape continues to evolve, especially for Chinese-speaking investors navigating regulatory constraints. By choosing compliant, secure, and feature-rich offshore exchanges, users can access global markets while maintaining control over their digital assets. Whether you're into spot trading, derivatives, or passive income through mining, there's a platform designed to meet your needs — all while prioritizing safety and performance.